TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Patna High Court Upholds Section 16(4) of CGST/BGST Act, ITC Not a Unconditional Property Right Under Constitution.</h1> The Patna High Court examined the constitutional validity of Section 16(4) of the CGST/BGST Act, which restricts the entitlement of Input Tax Credit (ITC) beyond the due date for filing returns. Petitioners argued this violated Articles 14 and 300A of the Indian Constitution, claiming ITC as a vested property right. The court ruled that ITC is a conditional statutory benefit, not an unconditional property right, and that Section 16(4) does not infringe upon constitutional rights. The judgment underscores the importance of compliance with statutory conditions for fiscal benefits like ITC, affirming the provision's constitutional validity.
TaxTMI 
TaxTMI 